Banc of California, Inc. Reports Third Quarter Diluted Earnings per Share of $0.46, Up 21% Year Over Year
Banc of California reported Q3 2026 diluted EPS of $0.46, up 21% from $0.38 a year ago, with net earnings to common of $73.1 million and total revenue of $303.8 million, up 6% YoY. The quarter showed positive operating leverage: pre-tax pre-provision income rose 16% YoY while expenses stayed flat, NIM expanded 21 bps QoQ to 3.34%, and loans and deposits grew 6% and 8% annualized respectively.
Key figures
- Eps
- 0.46
- Revenue
- 303800000
- Guidance
- Management expects further profitability improvement in Q4 from a full quarter of securities reinvestment earnings and completed loan sales
- Revenue Yoy
- 6%
- Eps yoy
- 21% (from $0.38)
- Ptpp yoy
- 16%
- Npl ratio
- 0.72%
- Cet1 ratio
- 9.70%
- Tier1 ratio
- 12.10%
- Total assets
- 34965495000
- Nim qoq change
- +21 bps
- Total deposits
- 28300000000
- Efficiency ratio
- 59.12%
- Net interest income
- 272400000
- Net interest margin
- 3.34%
- Noninterest expense
- 185400000
- Net income to common
- 73100000
- Pretax pretax income
- 118400000
- Loan growth annualized
- 6%
- Deposit growth annualized
- 8%
- Provision for credit losses
- 10400000
- Tangible book value per share
- 16.09
AI analysis
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